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AUD Boosted as Company Profits Soar

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Date: February 28th, 2017.

Data showing a surge in company profits during the fourth quarter of 2016 boosted the Australian Dollar yesterday, although the ‘Aussie’ weakened versus a recovering Euro. Fears that the economy is heading towards its first recession in 25 years were softened by the news operating profits leapt 20.1% higher on the quarter; an already-sizeable jump [...]

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Canadian Dollar Bullish on Inflation Strength

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Date: February 27th, 2017.

Despite a lack of domestic data to provide headwinds and the absence of anything explosive on the US economic calendar, the Australian Dollar slumped on Friday. Traders were worried by comments from some of the world’s leading mining companies and financial institutions that the current strength in the iron ore markets would not last. Additionally, [...]

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Business capital investment fell for the eighth time in nine quarters at the end of 2016, data revealed yesterday. The Australian Dollar took a hit from the news, but was able to marginally return to positive territory later in the session. Business investment has failed to recover since the mining boom ended in 2012, although [...]

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Strong iron ore prices boosted the Australian Dollar yesterday, with the commodity rising towards US$100 per tonne and hitting its best levels since the middle of 2014. The rise came despite warnings from Reserve Bank of Australia (RBA) Governor Philip Lowe that Australian household debt was a threat to the economy. Lowe claimed that record [...]

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The Reserve Bank of Australia (RBA) may have sounded positive in its overall forecast for the domestic economy, but its outlook on monetary policy weakened the Australian Dollar yesterday. Despite noting strong growth, improving consumption and the waning effect from the end of the mining boom, inflation and wages were predicted to remain sluggish. This [...]

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The Australian Dollar was largely on the advance yesterday, supported by news of Chinese backing for a new mining project in Southern Australia. The region’s Eyre Peninsula is the target for a new mine, railroad and port that will help Australia meet the demand for cleaner iron ore. Worth AU$3.4 billion, the project is a [...]

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Risk Appetite Cools, AUD Falls

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Date: February 20th, 2017.

The Australian Dollar had a poor end to the week thanks to a lack of domestic data and waning risk appetite. The US Dollar was strengthening and this further accelerated ‘Aussie’ losses. Tuesday will see the release of the latest Reserve Bank of Australia (RBA) meeting minutes, which will give more information about the board’s [...]

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On the face of it, Australian unemployment data released yesterday seemed largely positive. Markets weren’t convinced though and the Australian Dollar slumped. While unemployment unexpectedly fell ten basis points to 5.7%, this was only because of a decrease in the number of people looking for work. Meanwhile, the number of people in employment may have [...]

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Pound Sinks as Wage Growth Figures Disappoint

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Date: February 16th, 2017.

Positive domestic data boosted the Australian Dollar yesterday but US data released early this morning tipped the ‘Aussie’ into a decline. The outlook for domestic monetary policy was boosted after the Westpac consumer confidence index for February showed a 2.3% increase to 99.6. Improving sentiment suggests households will feel more comfortable spending their disposable income, [...]

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Positive domestic and overseas data boosted the Australian Dollar yesterday. Although consumer confidence edged lower to 116.4, the NAB business conditions index rose from 11 to 16 and the business confidence index from 6 to 10. Meanwhile, Chinese consumer price index data showed that inflation strengthened even further than expected. Inflation rose from 2.1% to [...]

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